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Kirti Bansal

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Elevate your financial journey with IDFC First Bank’s Lakh Personal Loan, specially tailored for self-employed individuals. Experience the convenience of applying online, unravelling the intricacies of IDFC First Bank self-employed personal details. This seamless process in IDFC First Bank self-employed personal loan online application ensures a hassle-free application for self-employed individuals, allowing them to take control of their financial goals. IDFC First Bank self-employed personal loan apply confidently and embark on a path of financial empowerment.

IDFC First Bank Lakh Personal Loan for Self Employed – Highlights

Here is a quick snapshot of IDFC First Bank self-employed personal loan:

Maximum Amount	1 Cr.
IDFC First Bank Self Employed Personal Loan Interest	Starting at 10.75% p.a.
Type of Interest Rate	Floating
Loan Tenure	Varies between 12 and 84 months
Collateral Requirement	NIL

Compare Lakh Self Employed Loan From Other Bank

Take a look at the comparison between IDFC First Bank self-employed personal loan interest and other leading banks and NBFCs.

Lender	Rate of Interest (p.a.)	Maximum Loan Tenure
Tata Capital	10.99% – 24%	Up to 7 years
Yes Bank	10.99% – 24%	Up to 6 years
Induslnd Bank	10.5% – 22%	Up to 5 years
Bajaj Finserv	12.99% – 24%	Up to 5 years

IDFC First Bank Lakh Personal Loan for Self Employed – Fees and Charges

Following are the IDFC First Bank self-employed instant loan fees and charges:

Processing Fee: Rs 4,999/- of the sanctioned loan amount.
GST Applicability: All service charges are subject to GST, providing transparency in fee structure.

IDFC First Bank Lakh Personal Loan for Self Employed – Documents Required

Here’s a quick rundown of the documents that students will need to apply for an IDFC First Bank self-employed personal loan document:

Identity Proof:

Pan Card (IDFC First Bank self-employed personal details for key identification)
Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s Licence

Address Proof:

Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s Licence

Income Proof:

RBI Approved Account Aggregator Process/Bank statement

IDFC First Bank Lakh Personal Loan for Self Employed- Eligibility Criteria

The following are IDFC First Bank self-employed personal loan eligibility criteria:

Monthly Net Take Home (NTH): Minimum of Rs. 20,000.
Minimum applicant Age: 23 years.
Maximum applicant Age: 58 years at loan maturity.
Bank statement requirement: 3 months for eligibility assessment.